What is the role of economic growth in communism?

Economics Communism Questions



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What is the role of economic growth in communism?

In communism, the role of economic growth is to ensure the fulfillment of the needs and wants of the entire society. Economic growth is pursued to improve the living standards of all individuals, eliminate poverty, and provide equal opportunities for all members of the community. However, in communism, economic growth is not driven by profit motives or individual accumulation of wealth, but rather by the collective efforts and goals of the society as a whole.